The U.S. markets are now opened. The Dow is down 0.78% this morning, while the S&P 500 is off 0.52%, and the tech-heavy Nasdaq is slipping 0.48%. The Russell 2000 is up 2.3%.
Global benchmark Brent crude is up 3.63% to $103.6 and West Texas Intermediate crude has surged 4.9% to $92.40.
Israel carried out another wave of strikes across Iran, after earlier saying Tehran launched seven waves of missiles on Israel.
A deal to end the Iran war “does not appear to be tangible right now,” said an Israeli official on Monday, as Israel’s military continued to carry out strikes in Iran and Lebanon.
“The Iranians do not appear to be in any concession mode – we are not there yet,” the official told CNN, suggesting that the purported negotiations are a tactic to buy time to better prepare for further military strikes.
“It all comes down to the re-opening the Strait of Hormuz,” said Matt Maley at Miller Tabak, according to Bloomberg. “So, if we hear that ‘good progress is being made’ in the negotiations at the end of this week, it won’t be enough, if the Strait remains very restricted.”
Maley also notes that the issues facing the private-credit market are not receding, so brushing these problems aside is not a good idea.
“Thus, the risk/reward equation in the marketplace right now is still decidedly weighted towards risk,” he added.
Stock futures were down Tuesday while oil prices resumed their climb amid ongoing tensions between the U.S. and Iran.
Global benchmark Brent crude futures added 3% to trade at $103 a barrel. West Texas Intermediate crude futures jumped 4.12% to $91.76 a barrel.
Joe Davis, global chief economist at Vanguard, said that the Federal Reserve‘s decision last week to hold rates steady “is really emblematic of the tensions, in the US economy and for the financial markets.”
He cited “crosscurrents from high and rising oil prices, which was not originally part of our forecast, nor the Federal Reserve’s, which is going to push inflation up.”
“The biggest wild card really is the price of oil, which is by far the most important indicator,” Davis said. “I only would get concerned if we see oil prices, breached $150 a barrel and stay there for a little bit. That is not our baseline.”
“But is something that would lead to markedly weaker economic activity, much higher inflation, and that would put the Federal Reserve in even a trickier spot than they presently are in.”
U.S. equity futures remain in the red as investors await today’s economic data, including fourth-quarter productivity and S&P Global’s flash U.S. services and manufacturing PMI for March.
Several companies will be posting quarterly earnings reports today, including video game retailer GameStop (GME), homebuilder KB Home (KBH), and packaged meat producer Smithfield Foods (SFD).
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
